The demand for stablecoins has exploded in the context of the American economy stagnating.

Stablecoin is becoming the center of attention. As economic pressures increase and investors seek safe havens, this amount of "digital dollars" is continuously pouring into exchanges at record speed.

The latest information shows that global instability is determining where the next flow of money will go.

The market is ready

Stablecoin is fluctuating in waves.

The first surge occurred at the end of 2024 when the labor market began to weaken; reserves on exchanges skyrocketed from around 30 billion USD to over 50 billion USD overnight, while deposit activity also surged.

Source: CryptoQuantBy mid-2025, we will witness a similar pattern again.

According to data from CryptoQuant, stablecoin reserves have just reached 58.5 billion USD, while the number of deposit addresses currently frequently peaks at 30,000, even nearing 40,000 at its peak.

Source: CryptoquantThese numbers indicate that liquidity may be ready to flow into Bitcoin (BTC) and other risky assets when the timing is ripe.

Ethereum leads, but Tron still dominates the payment sector

For many years, Ethereum (ETH) has been the standard for stablecoin activity, as most major tokens operate on ERC-20.

That changed in mid-2019 when Tron (TRX) entered the market with a simple strategy: faster transactions and lower fees.

The appeal of TRX, enabling small, daily payments, has helped the network grow steadily, peaking in May 2023 with an impressive market share of 74% of total stablecoin activities.

Source: CryptoquantSince then, the balance has continuously changed. The market share of Tron fluctuated between 13% and 67%, while Ethereum gradually regained its advantage. As of September 2025, Ethereum holds nearly 70% of the market share, while Tron occupies about 30%.

This division shows that stablecoins are being used in different ways.

Source: XEthereum has become a payment layer with deep liquidity and funding from institutions, while Tron currently supports most of the small-scale money transfer transactions.

With a record supply of stablecoins – almost entirely backed by USD – blockchain is increasingly becoming an important system in the global distribution of USD.

Vincent